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    97 3Rd St Brooklyn, NY 11249

    Sponsored
    For Lease
    $40 SF/Yr

    Prime Williamsburg retail, two spaces available.

    Lot size:
    4,032 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional retail opportunity presents two renovated spaces located at 97-99 South 3rd Street in the vibrant Williamsburg neighborhood of Kings County. Ideally situated, these spaces offer unparalleled access to the East River waterfront and the Williamsburg Bridge, ensuring high visibility and foot traffic. Each space boasts a generous layout, with options ranging from 1,855 to 2,177 square feet. The spaces are suitable for a variety of retail uses, including community facilities and medical practices. The asking price is competitive at $40 per square foot, making this an attractive investment for businesses seeking a prominent location in a thriving area. The building has undergone renovations, ensuring modern and functional spaces ready for immediate occupancy. Multiple tenancy is available, providing flexibility for businesses of varying sizes and needs. This prime location offers a unique blend of convenience, accessibility, and high-profile exposure, making it an ideal choice for businesses seeking to establish or expand their presence in a dynamic and desirable market. The spaces are ready for immediate occupancy, allowing for a quick and seamless transition for new tenants. Don't miss this chance to secure a prime retail space in one of Brooklyn's most sought-after neighborhoods.

    Property Features for 97 3Rd St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,032 SF

    Unit(s) available at that property

    Space
    Ground
    Size
    2,177 SF
    Rate per SF
    $40
    Space
    Ground
    Size
    1,855 SF
    Rate per SF
    $40

    HighLights

    • Retail property at 97‑99 South 3rd Street, Kings County.
    • Two available retail spaces, suitable for community facility or medical use.
    • Spaces range from 1,855 to 2,177 square feet.
    • Asking rent is $40 per square foot.
    • Located steps from the East River waterfront and Williamsburg Bridge.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9636898
    Latitude
    40.713093

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    FAQs

    What type of property is this?
    Retail property - Prime Williamsburg retail, two spaces available.
    Where is this retail property located?
    The property is located at 97 3Rd St Brooklyn, NY.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: Retail property at 97-99 South 3rd Street, Kings County.; Two available retail spaces, suitable for community facility or medical use.; Spaces range from 1,855 to 2,177 square feet.
    Request Owner's contact information
    97 3Rd St Brooklyn, NY 11249
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    Brooklyn, NY 11249
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    97 3Rd St Brooklyn, NY 11249
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